Deep-South Resources Inc. (TSXV:DSM) announced a non-brokered private placement of up to 13,333,333 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,999,999.95 on January 6, 2021. Red Cloud Securities Inc. will act as a finder in the transaction. Each unit will be comprised of one common share of the company and one half of one common share purchase warrant. Each full warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.22 for a period of 24 months from the closing date of the offering. The closing of the offering is subject to receipt of all necessary regulatory approvals. The common shares and any common shares issuable upon the exercise of the warrants and applicable finder’s warrants issued with respect to the offering will be subject to a hold period of four months and one day from the closing date of the offering.